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Jan 12, 2014
01/14
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, you're now looking at a fairly large deficit. what happened there and where are you going to find -- well, where is the next governor going to find the money to make up the deficit you're working with? >> yeah. we have been restoring fiscal responsibility for these last seven years. we inherited a $1.7 billion deficit from our predecessor. we're on the verge of closing that. in the budget that i submit this week, we will close it without any new taxes. part of what drives our budget, of course, is the economy and the pace of this recession. and it has been an extended recession. however, i've cut more in spending than any governor in modern history, and yet we've also been able to make the record investments in education, to make the number one schools, now record investments in transportation infrastructure and innovation. and what we also have been able to do is to maintain a aaa bond rat rating. 1 of only 7 states with a aaa bond rating from all the -- >> there will be no deficit in this year's budget nor a way to project into
, you're now looking at a fairly large deficit. what happened there and where are you going to find -- well, where is the next governor going to find the money to make up the deficit you're working with? >> yeah. we have been restoring fiscal responsibility for these last seven years. we inherited a $1.7 billion deficit from our predecessor. we're on the verge of closing that. in the budget that i submit this week, we will close it without any new taxes. part of what drives our budget, of...
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Sep 30, 2012
09/12
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>> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a total, though, right? >> educating -- training two million new workers in our community colleges in conjunction with business to fill jobs that are open right now. boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and, candy, i believe that they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> it will be rendered on november 6 wrth. >> no, they haven't. >> for two years jobs -- >> some of the specific proposals haven't, but, candy, think about the logical extension of what you're sa
>> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a total, though, right? >> educating -- training...
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Aug 21, 2011
08/11
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at the same time we need long-term deficit cutting. you are trying to do deficit reduction and stimulus at the same time. is that a hard sell? >> well, you put it exactly right. in the short term we need to do things to accelerate -- to accelerate the economy. we have taken big hits in the last six months that nobody could have anticipated, the error spring and the impact on oil prices and the earthquake and what europe is experiencing now has all impacted on our economy and we need to take additional steps to accelerate the economy in the short run. everybody should be able to agree on that. in the long run we also ought to agree to deal with the debt issue. we had a long discussion about it. but we have to deal with it in a way that is smart and balanced and fair and everybody is in, and we're protecteding the things we know is good for the economy, and education and research and development, and yes, rebuilding our basic roads, bridges, waterways, and the things we need to move our goods across the country. we need to have a discuss
at the same time we need long-term deficit cutting. you are trying to do deficit reduction and stimulus at the same time. is that a hard sell? >> well, you put it exactly right. in the short term we need to do things to accelerate -- to accelerate the economy. we have taken big hits in the last six months that nobody could have anticipated, the error spring and the impact on oil prices and the earthquake and what europe is experiencing now has all impacted on our economy and we need to...
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Nov 6, 2011
11/11
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reduction, deficits are moral issues. we're raising that. but how you reduce them is a moral issue, too. so moral compass is important. this afternoon, i'll be going down to the white house, 15,000 people about a pipeline with dirty oil that could increase climb change. those are the issues that a number of people of faith are going to raise in this election because they're about our moral compass. we want to hold both sides accountable to those values questions. >> gary, i want to get your response to that, but i want to bring this in only because it speaks to what reverend wallace is talking about. and this is from president obama speaking at a private dnc event where he said, this is a contest of values. this is a choice about who we are and what we stand for. and whoever wins this next election is going to set the template for this country for a long time to come." when you talk to democrats about the roles of spirituality or morals in a campaign, they do tend to talk about things like is it moral to give big oil gian
reduction, deficits are moral issues. we're raising that. but how you reduce them is a moral issue, too. so moral compass is important. this afternoon, i'll be going down to the white house, 15,000 people about a pipeline with dirty oil that could increase climb change. those are the issues that a number of people of faith are going to raise in this election because they're about our moral compass. we want to hold both sides accountable to those values questions. >> gary, i want to get...
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Oct 4, 2012
10/12
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i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem is, all we have here is his word, because mitt romney has not really laid out any specifics for how he would pay for his tax cut. all he says is closing loopholes or reducing deductions, but the verdict is incomplete. and there was one subject we thought may have been a missed opportunity for barack obama. medicare, a big topic of discussion for some time. mitt romney made the claim like he has repeatedly that president obama is looking to make cuts that affect people in the program today. >> what asupport is no change for current retirees and near retirees to medicare and the president supports taking $716 billion out of that program. >> and mitt romney also said, flat-out, that president obama wants to cut $716 billion from medicare. this one's been checked and checked
i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say, mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. my plan is not to put in place any tax cut that will add to the deficit. >> the problem is, all we have here is his word, because mitt romney has not really laid out any specifics for how he would pay for his tax cut. all he says is closing loopholes or reducing deductions, but the...
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May 14, 2014
05/14
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i think is a great thing on things like accountability and responsibility on issues like spending, deficits and taxes, right? i think what it's done electorally is, you know, and i would say there's a legitimate criticism or legitimate analysis that said, like, about a couple months ago that there was big splits and faction within the party. right now i think everybody is starting to come together and form a grander coalition that's actually helping the republican party. >> all of those positions are moving to the right. what's happening with immigration? >> look in the north carolina race, i mean, we had three conservative candidates down there and the best campaign won. i think the same has been in place -- >> that's the point -- >> same position. >> and they're going to beat hagan down there because they're talking about issues that matter. they're talking about what these -- these candidates are talking about what they're for. they're talking about what they're for when it comes to patient-centric health care, economic growth that's going to create jobs and bring up wages. >> the reason
i think is a great thing on things like accountability and responsibility on issues like spending, deficits and taxes, right? i think what it's done electorally is, you know, and i would say there's a legitimate criticism or legitimate analysis that said, like, about a couple months ago that there was big splits and faction within the party. right now i think everybody is starting to come together and form a grander coalition that's actually helping the republican party. >> all of those...
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Apr 27, 2017
04/17
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i will do everything in my power not to touch social security and to bring down our deficits. >> i'm the king of debt, nobody knows debt better than me. i understand debt better than probably anybody. i know about debt than practically anybody, i love debt. i am the king of debt, i love debt, and i love playing with it. i also love reducing debt and i know how to do it better than anybody, it's tricky and it's dangerous and you have to know what you're doing. i have made a fortune by using debt. if things don't work out, i renegotiate the debt. >> how do you renegotiate the debt? >> you go back and say, you know what? the economy just crashed, i'm going to give you back half. >> a lot of big pronouncements from the white house, but again, it really was one page bullet points, less than 250 words. >> we obviously have to wait for more details. but the sort of big picture stuff, i think we can talk about which is in idea that the tax cuts can pay for themselves through economic growth. i know someone's going to bring up ronald reagan, while the truth is the deficit exploded and reagan
i will do everything in my power not to touch social security and to bring down our deficits. >> i'm the king of debt, nobody knows debt better than me. i understand debt better than probably anybody. i know about debt than practically anybody, i love debt. i am the king of debt, i love debt, and i love playing with it. i also love reducing debt and i know how to do it better than anybody, it's tricky and it's dangerous and you have to know what you're doing. i have made a fortune by...
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Feb 5, 2012
02/12
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the deficit's horrible. and by the way, unemployment's going back up. so are we happy or are we worried? >> i think it was basically a good-newsweek. the unemployment figures and the new jobs in the friday report were good news. they aren't definitive. it was one month, but it was a good strong month and indication that the economy is taking hold. if it lasts, we'll have what the best thing that anybody is able to predict is a good slow recovery with gradual reduction in the unemployment rate from what is admittedly a very high level. >> but, you know, the cbo said 9.3 or something next year which i think is craziness. >> remember, the cbo, its job is to define the dark cloud for every silver lining. it did that, but the reason it did that, all kidding aside, the cbo has to assume that they have to assume an enormous tax increase next year and we have to assume we have bad economic growth, and that gets you high unemployment. strip that out, one month's good news in the labor market, but the truth is the economy is not very strong and we have a long way
the deficit's horrible. and by the way, unemployment's going back up. so are we happy or are we worried? >> i think it was basically a good-newsweek. the unemployment figures and the new jobs in the friday report were good news. they aren't definitive. it was one month, but it was a good strong month and indication that the economy is taking hold. if it lasts, we'll have what the best thing that anybody is able to predict is a good slow recovery with gradual reduction in the unemployment...
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Jan 26, 2016
01/16
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we hear about this, energy deficit in the democratic party. i'm a hillary clinton supporter, and she came out tonight. and i think she snoked it completely out of the park, but i also recognize that bernie sanders did a hell of a job. he really did a great job in co. lissing his supporters. he pivoted back to the billionaire class, income inequality. he is the most bond message candidate that i have ever seen in my -- >> you thought martin was going to show up? did he? >> he was present. he was present. >> difficulty that martin o'malley is having he's running against bernie sanders, who is in his own element who has these large crowds who is feeding off this energy, who's probably going to be the 45th president of the united states, hillary clinton, who's literally dominated foreign policy, and you could see on that stage, it was, she was ready to be president today. and i think that in a world where many people are afraid in a country where many people have this fear, they spoke to them. >> neutral, let me start with that, but more important
we hear about this, energy deficit in the democratic party. i'm a hillary clinton supporter, and she came out tonight. and i think she snoked it completely out of the park, but i also recognize that bernie sanders did a hell of a job. he really did a great job in co. lissing his supporters. he pivoted back to the billionaire class, income inequality. he is the most bond message candidate that i have ever seen in my -- >> you thought martin was going to show up? did he? >> he was...
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Feb 13, 2013
02/13
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sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could go to disney world almost for free except for the amount on the credit card. >> he didn't say for free. >> it is a big issue, though, because i will open it up to the idea for everybody here. you know you're at the ceiling, there is going to be a big part of the debate. do we extend the ceiling. have you a trillion dollar deficit but you say you will be budget neutral. seems to not add up to people. seems we have to start paying down debt as opposed to staying neutral. is it enough to be neutral? that's the question. >> the president was talkin
sure it doesn't add a dime to the deficit. that means that there has to be some cooperation in making sure these things, that this is not, you do not grow the economy by cutting. you grow the economy by smart investing. it is not about big government. it is about smart government and he talked about public/private partnerships for building of roads. >> my daughters used to have a great plan to go to disney world that would not cost a penny and if we saved all of our bottle tops we could...
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Apr 27, 2017
04/17
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we finally got there with balanced budgets. >> how did reagan reduce the deficit? >> by -- he doubled the federal revenues, right? i mean from about 500 billion to -- >> when he left the deficit -- >> right, but he also ended the cold war so bill clinton could reduce defense spending, remember that? >> yes, that just seems a stretch to me. i mean i don't -- idea -- we have to being a september tccep that it led to a deficit. taxes had had to be raised to pay for the deficits. >> because democrats would not cut spending. >> i'm not -- i'm not even making this a democrat versus republican thing. i'm talking about facts of -- that at some point taxes have to be raised, right? >> alexis, is it possible this thing will pay for itself? >> alexis is laughing. >> i am laughing because i don't want to get in the middle of that conversation. look, the way i would characterize this is in two critical, i guess, factions. one is this is all about stimulus. at the end of the day what they're focused on right now is how do we create jobs, how do we increase investment and how do
we finally got there with balanced budgets. >> how did reagan reduce the deficit? >> by -- he doubled the federal revenues, right? i mean from about 500 billion to -- >> when he left the deficit -- >> right, but he also ended the cold war so bill clinton could reduce defense spending, remember that? >> yes, that just seems a stretch to me. i mean i don't -- idea -- we have to being a september tccep that it led to a deficit. taxes had had to be raised to pay for...
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Dec 15, 2017
12/17
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i voted against the budget to blow up the deficit. >> i am talking about the tax bill. the tax bill. >> yeah, that tax bill should have been accompanied by spending cuts. >> did you vote for the tax bill or no? >> i voted for the tax bill but i did not vote for the budget that allowed it to occur. >> but i am saying if you want to be a penny pincher -- >> i am not going to hold taxpayers hostage. the president has promised that welfare reform is next and we will try to get the deficit under control because the criticism that we are blowing up the deficit is a fair one and we need to cut spending. i agree with that. >> we went from mueller and now to taxes. this matters as well. i am not feeling you on this. help me understand your position on this. you can't look at this objectively or subjectively, the tax bill, and see it's good for the deficit and even if you look at the magic of growth you all talk about. you voted for it. >> i voted for a budget that would have demanded simultaneous spending cuts. chris, at the same time, like, we have the congress unfortunately th
i voted against the budget to blow up the deficit. >> i am talking about the tax bill. the tax bill. >> yeah, that tax bill should have been accompanied by spending cuts. >> did you vote for the tax bill or no? >> i voted for the tax bill but i did not vote for the budget that allowed it to occur. >> but i am saying if you want to be a penny pincher -- >> i am not going to hold taxpayers hostage. the president has promised that welfare reform is next and we...
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Aug 1, 2011
08/11
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in total the plan calls for more than $2.4 trillion in deficit reduction. don, this is a process that's only beginning. it's complicated but it is essential in order to get a deal done. >> wolf, you know the reason we're here tonight and the president came out tonight to talk about this, and wanted a deal tonight, because they were concerned about the overseas markets especially the asian markets which opened tonight. we want to find out how the asian markets are reacting right now. hang seng hopes right about now. cnn's stan grant is in beijing monitoring the shanghai composite index. >> the hang seng is up by 1.65%. we also got a really good lead-in from tokyo, seoul and sydney which are all up by 1.5%. australia up by 2%. now those three indices opened about an hour and a half ago so they gave hong kong a very good lead-in. hong kong is asia's financial hub where many of china's biggest companies an banks list on this stock exchange. also the hong kong dollar is pegged to the u.s. dollar so a lot of people interested in seeing how the u.s. dollar. right
in total the plan calls for more than $2.4 trillion in deficit reduction. don, this is a process that's only beginning. it's complicated but it is essential in order to get a deal done. >> wolf, you know the reason we're here tonight and the president came out tonight to talk about this, and wanted a deal tonight, because they were concerned about the overseas markets especially the asian markets which opened tonight. we want to find out how the asian markets are reacting right now. hang...
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Mar 20, 2012
03/12
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the debts, deficit, spending, and national security. the social issues, there's good people on both sides of those. >> interesting for karen santorum saying if rick would be president, he would respect a woman's right to have contraception if she wants to. i don't think i've heard a santorum articulate in such a straightforward matter. >> i'm with mitt romney. he's one of the most hard working, honest men i've met. i don't know the other candidates at all. i've never met rick. but i know how i feel about those issues. and i've been in favor of contraception rights for women. really i think it's important to make sure we have religious protections as well as providing rights and freedoms for women. we can do it in the federal health care bill. we didn't get into this mess until the president through the overreach of the federal government said by the way all the religious institutions and schools and churches, by the way, it doesn't matter. you're going to have to do it anyway. in violation of their religious faith. i felt it was importa
the debts, deficit, spending, and national security. the social issues, there's good people on both sides of those. >> interesting for karen santorum saying if rick would be president, he would respect a woman's right to have contraception if she wants to. i don't think i've heard a santorum articulate in such a straightforward matter. >> i'm with mitt romney. he's one of the most hard working, honest men i've met. i don't know the other candidates at all. i've never met rick. but i...
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Jan 26, 2016
01/16
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we hear about this, energy deficit in the democratic party. i'm a hillary clinton supporter, and she came out tonight. and i think she knocked it completely out of the park, but i also recognize that bernie sanders did a hell of a job. he really did a great job in coalescing his supporters. he pivoted back to the billionaire class, income inequality. he is the most bond message candidate that i have ever seen in my -- >> you thought martin was going to show up? did he? >> he was present. he was present. >> difficulty that martin o'malley is having he's running against bernie sanders, who is in his own element who has these large crowds who is feeding off this energy, who's probably going to be the 45th president of the united states, hillary clinton, who's literally dominated foreign policy, and you could see on that stage, it was, she was ready to be president today. and i think that in a world where many people are afraid in a country where many people have this fear, hillary clinton spoke directly to them. >> neutral, let me start with that
we hear about this, energy deficit in the democratic party. i'm a hillary clinton supporter, and she came out tonight. and i think she knocked it completely out of the park, but i also recognize that bernie sanders did a hell of a job. he really did a great job in coalescing his supporters. he pivoted back to the billionaire class, income inequality. he is the most bond message candidate that i have ever seen in my -- >> you thought martin was going to show up? did he? >> he was...
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Jul 18, 2011
07/11
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it's just a political trust deficit? do we live in a world where you are a republican and a democrat says it it can't be true? >> well, i think we live in a world in which most americans are concerned with how they are going to pay their bills than the debt ceiling which is an he is sew tear rick issue. you see in a lot of issues that people haven't really considered a great deal. the question matters a lot. if you ask people whether or not we should be raising the debt limit, you're going to get a different answer than whether or not we're defaulting on the united states' obligations. >> go ahead. >> when people say it's the question phrasing, they are usually trying to avoid the obvious. in independents care about the economy overall. independents can't say that they are going to blame republicans if we blame republicans for the economy more than president obama. so even though he's under water, he's still comparatively a good thing. >> the single place where the independent voters in this country most closely and pass
it's just a political trust deficit? do we live in a world where you are a republican and a democrat says it it can't be true? >> well, i think we live in a world in which most americans are concerned with how they are going to pay their bills than the debt ceiling which is an he is sew tear rick issue. you see in a lot of issues that people haven't really considered a great deal. the question matters a lot. if you ask people whether or not we should be raising the debt limit, you're...
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Mar 13, 2012
03/12
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there's a trust deficit becaused by our relationship in pakistan. we have a much broader problem as we try to develop the afghan government and security forces to enable us to transition out. i agree that justice has to be done, but this is hardly the only problem. if anything, this reveals some of the limitations of our current strategy, but it's by no means the only thing we have to worry about. >> seth, one thing that was interesting, you said the reaction from the korans was worse than the reaction of killing the 16 civilians. what did you mean? >> the afghan villagers have faced 30 years of warfare. they've seen children, brothers and sisters and fathers and mothers killed over the past three decades in a sense, while i don't want to understate how significant this is, in this has become a reality for afghans. the burning of the koran gets to a religious issue that i think has a potential to be much more national in focus than a very local incident. so i see this has being different in that sense. >> and phil, obviously you served in the obama
there's a trust deficit becaused by our relationship in pakistan. we have a much broader problem as we try to develop the afghan government and security forces to enable us to transition out. i agree that justice has to be done, but this is hardly the only problem. if anything, this reveals some of the limitations of our current strategy, but it's by no means the only thing we have to worry about. >> seth, one thing that was interesting, you said the reaction from the korans was worse...
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Dec 19, 2015
12/15
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. >> when you see candidates in severe deficits in the polling, they start to challenge the debates and the structure. the reality is, what really defines the democratic party is how we can differentiate ourselves from the republican candidates. we are going to have some tensions but the republicans will need anger management therapy when their process is over. >> fred, just one more really quick thing. if the shoe were on the other foot. if this had been something that had been breached by the clinton campaign, i assure you the sanders campaign would be thrilled as how the dnc is handling it and it would have been the same way. >> maria, robert, thanks so much to both of you. >>> tonight, cnn's wolf blitzer has special coverage starting at 10:30 tonight. this is the place you want to be for politics. republicans are out in full force on the campaign today. ben carson holding a town hall in the critical state of iowa. ted cruz visiting the deep south for rally in georgia. all that as the first poll since the gop debate is released. that is coming up. >>> a teenager that killed four peop
. >> when you see candidates in severe deficits in the polling, they start to challenge the debates and the structure. the reality is, what really defines the democratic party is how we can differentiate ourselves from the republican candidates. we are going to have some tensions but the republicans will need anger management therapy when their process is over. >> fred, just one more really quick thing. if the shoe were on the other foot. if this had been something that had been...
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Nov 28, 2017
11/17
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senate bill adds $1.4 trillion to the deficit over ten years. the gop says economic growth will eventually pay for all this. but senator bob corker among others worries that may not be the case. he wants to include a provision to raise taxes it revenue falls short. so far independent estimates show this bill does not hit the gop target growth. >>> the latest insensitive remark sup remark coming from president trump. honoring -- the president choosing that moment to make a wise crack referencing his nickname for senator elizabeth warren. >> you were here long before any of us were here. although we have a representative in congress who they say was here a long time ago. they call her pocahontas. but you know what? i like you. because you are special. >> the term is considered by many to be a racial slur. it seemed to catch the navajo retter rans off guard prompting polite smiles and silence. perhaps even worse it played out in front of a portrait of andrew jackson. >>> senator warren blasted the president last night on cnn. >> i really couldn't b
senate bill adds $1.4 trillion to the deficit over ten years. the gop says economic growth will eventually pay for all this. but senator bob corker among others worries that may not be the case. he wants to include a provision to raise taxes it revenue falls short. so far independent estimates show this bill does not hit the gop target growth. >>> the latest insensitive remark sup remark coming from president trump. honoring -- the president choosing that moment to make a wise crack...
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Feb 26, 2013
02/13
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and that we're sharing the sacrifice in bringing down our deficit. we're not just dumping it on a few people and not doing it in a dumb way. senators like john mccain have made similar statements to what scott said. you're a republican governor along with other republicans around the country want congress to stop the sequester, stop these cuts. but i just have to be honest with you, there are too many republicans in congress right now who refuse to compromise even an inch when it comes to closing tax loopholes and special interest tax breaks. and that's what's holding things up right now. keep in mind, nobody's asking them to raise income tax rates. all we're asking is to consider closing tax loopholes and deductions that the speaker of the house, john boehner, said he was willing to do a few months ago. he said there's a few loopholes and deductions you could close, said you could raise $800 billion, a trillion by closing loopholes. we're not even asking for that muff. all we're asking is that they close loopholes for the well-off and well-connected
and that we're sharing the sacrifice in bringing down our deficit. we're not just dumping it on a few people and not doing it in a dumb way. senators like john mccain have made similar statements to what scott said. you're a republican governor along with other republicans around the country want congress to stop the sequester, stop these cuts. but i just have to be honest with you, there are too many republicans in congress right now who refuse to compromise even an inch when it comes to...
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Dec 16, 2017
12/17
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senate now who's saying that the deficit is going to be what keeps them from voting for this tax bill. so that's, obviously, a major change. >> all right, lauren fox, thanks so much, good to see you, appreciate it. >>> let's talk more with our political panel, david swardlick from the "washington post" and patrick sweeley. david, you first. some say it's not reform, instead just a new plan. if that's the case, does it still mean this is a victory, potentially, for the president? >> i think it has to be looked at as a political at least victory for president trump after a year where the narrative, which was true, he had not notched a major legislative win was the case. now if this passes next week, which by all accounts looks like it will, he will be able to end the year saying he had a major legislative win. so i don't see there's any other way to look at that. the president will tout it. i think republicans will cheer this going into 2018 when they have to defend their seats in congress. that being said, you know, the criticisms of the bill remain, that it benefits wealthier earners
senate now who's saying that the deficit is going to be what keeps them from voting for this tax bill. so that's, obviously, a major change. >> all right, lauren fox, thanks so much, good to see you, appreciate it. >>> let's talk more with our political panel, david swardlick from the "washington post" and patrick sweeley. david, you first. some say it's not reform, instead just a new plan. if that's the case, does it still mean this is a victory, potentially, for the...
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jason, correct me if i'm wrong, but i think our current account deficit and trade deficits have narrowed as significantly as we have seen in a very long time. part of that is because we're importing less foreign oil and increasing domestic production, but a lot of it is because we're selling a lot of great products all around the world. and this council has done a great job in helping to guide our policies. we've got large businesses. we've got small businesses. we've got medium sized businesses. we've got services as well as manufacturers. and your input has been enormously important in this entire process. part of what we've seen is a continued transformation in american business to become more competitive and more productive. and i would be remiss to say, since it's in the news quite a bit, to note that one of the reasons our businesses are more competitive is because health care costs have stabilized relative to what we had been seeing in previous years. just an interesting statistic here for folks who may be interested. thanks in part to the affordable care act, also known as obama
jason, correct me if i'm wrong, but i think our current account deficit and trade deficits have narrowed as significantly as we have seen in a very long time. part of that is because we're importing less foreign oil and increasing domestic production, but a lot of it is because we're selling a lot of great products all around the world. and this council has done a great job in helping to guide our policies. we've got large businesses. we've got small businesses. we've got medium sized...
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that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this problem after a while. do you think we're headed for a full stalemate? >> it's such a shame. i think david is right because we have low debt service right now. we're paying less interest on our debt than we had in the reagan and bush administrations before because interest rates are so low. >> but they're going to go up one day. >> but not for several years. i'll say it, we should be borrowing more at 30-year, 3% terms, so we can invest in the long-term growth of this economy. this is not the time for further austerity and cuts. if we were even to consider that right now, it would be
that's the smallest monthly deficit in five years. some of that is artificial. people pulling transactions forward because they were afraid of higher tax rates in 2013. but for the first three months of 2013, we have a rapidly shrinking fiscal 2013, we have a rapidly shrinking deficit. so we are in a way chasing a vanishing problem. >> which is interesting, and that would allow for some things that are dirty and things that are not so dirty, would completely perhaps get rid of this...
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Mar 12, 2012
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there was a trust deficit caused by the burning of the korans. by the shooting of the two officers at ministry of the interior. there's a trust deficit caused by our relationship with pakistan and we have a much broader problem to enable us to transition out and this is just the latest incident. it's a terrible incident. it's a grievous incident. i adpree that military justice has to be done here, but this is hardly their only problem. if anything, this reveals some of the limitations of our current strategy, but by no means the only thing we have to worley about. >> earlier in the day, you were saying the reaction from the korans was worse than the killing of the 16 civilians. >> i think the unfortunate reality in afghanistan, most afghan villagers have faced about 30 years of warfare, so they've seen children, brothers and sisters and fathers and mothers killed over the past three decades. in a sense, while i don't want to understate how significant this is, this is become a reality for afghans. the burning of the koran gets to a religious issu
there was a trust deficit caused by the burning of the korans. by the shooting of the two officers at ministry of the interior. there's a trust deficit caused by our relationship with pakistan and we have a much broader problem to enable us to transition out and this is just the latest incident. it's a terrible incident. it's a grievous incident. i adpree that military justice has to be done here, but this is hardly their only problem. if anything, this reveals some of the limitations of our...
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. >> again, it speaks to her deficits as much as it speaks to his strengths. he is sort of this look, i'm telling it like i see it. i just show up, i didn't even comb my hair kind of candidate. i have to be honest, hillary clinton is not a great candidate. i think she is a great leader, with great ideas, i don't agree with her on all her policies. i think bernie sanders is making her better to make her accountable where our country is. not just on populous issues and the middle class. but she is not a great candidate and it's ironic that it is taking such a bad candidate in bernie sanders to show her that. here is a guy who is literally a slob showing up on the political scene -- >> we'll be right back, all you, unrestrained. first, let me plug to town hall. anderson cooper, wednesday night. 8:00 p.m., hillary clinton, bernie sanders on stage with anderson in new hampshire, the town hall event. voters will get to ask questions. this is a big, big moment in this campaign you know with hillary clinton maybe squeaking out a victory. maybe not. still too close to
. >> again, it speaks to her deficits as much as it speaks to his strengths. he is sort of this look, i'm telling it like i see it. i just show up, i didn't even comb my hair kind of candidate. i have to be honest, hillary clinton is not a great candidate. i think she is a great leader, with great ideas, i don't agree with her on all her policies. i think bernie sanders is making her better to make her accountable where our country is. not just on populous issues and the middle class. but...
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Mar 25, 2012
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>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup businesses. that's where the jobs are. >> what about my constant nagging problem with a company like apple who sell 3 million new ipads in one day apparently last week with. and yet they still employ massively large sums of people in china than they do in america. why argument is why don't they bring 10% of the work force from china back to america. take the hit. i reckon they sell 4 million ipads next time. >> from the president from apple on. >> what do you think. >> i think you need to make america competitive again. >> shouldn't it be the successful company s -- >> there's a lack of stability. people a
>> we need to get our debt and deficit under control. >> other than that? >> no, that's the key. >> assuming you do that, what else do you do to maintain america's greatness in the world. >> create jobs and create an environment for jobs. i have a crowd funding bill. it is a mechanism where you can give people up to $1,000, a million dollar total to avoid sec filings and using that as seed money to move forward to create a new set of financing for startup...
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Dec 16, 2017
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nothing dramatically changed as it relates to the deficit. is what happened to the concern and what do you tell republican voter who is will also concerned about the di asian to taddition deficit. >> i'm not sure of anything other than what you read there. but i do think that it's a once in a generation opportunity, it's been over 30 years since we had tax reform last. we know it's a huge task and i think that probably many people are thinking, don't let the perfect be the enemy of the good. this is a good start. either you start here or you get nothing at all and as we all know it's about compromise in washington, so this is a good start and let's go forward and cut back on some other things and cut the spending and reign in that deficit and i believe too that as more money comes back into the country and these corporations create jobs and more people are spending money, it's going to create -- it's going to create more income for the federal government and pay down some of our debt and deficits. >> we'll talk more about taxes later in the s
nothing dramatically changed as it relates to the deficit. is what happened to the concern and what do you tell republican voter who is will also concerned about the di asian to taddition deficit. >> i'm not sure of anything other than what you read there. but i do think that it's a once in a generation opportunity, it's been over 30 years since we had tax reform last. we know it's a huge task and i think that probably many people are thinking, don't let the perfect be the enemy of the...
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Oct 23, 2017
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tax cuts sound good but they add to the deficit and add to the debt. this is something mcconnell said he wouldn't do. >> are you making a promise to milwaukee it revenue neutral? >> no. actually, we're not. that's a rather conservative estimate of how much growth you will get out of this tax reform which reduces rates for the middleclass which makes it considerably less likely that jobs go overseas. it produces more jobs and opportunity. >> a.b., you can waste hours and hours like i have trying to research whether or not tax cuts actually spur economic growth. it goes back and forth and basically takes you nowhere. politically, what does this mean, adding to the deficit versus delivering on tax cuts? >> well, it's been clear to republicans that president trump is not worried about 9 deficit or the debt. he wants full steam ahead on the deepest cuts policy and promising the middleclass a miracle, which is quite a promise if it doesn't turn out that way. republicans in the panic over their fear of failure are uniting around this. and even we are seeing c
tax cuts sound good but they add to the deficit and add to the debt. this is something mcconnell said he wouldn't do. >> are you making a promise to milwaukee it revenue neutral? >> no. actually, we're not. that's a rather conservative estimate of how much growth you will get out of this tax reform which reduces rates for the middleclass which makes it considerably less likely that jobs go overseas. it produces more jobs and opportunity. >> a.b., you can waste hours and hours...
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deficit, sorry. would you in the spirit of compromise, would you, senator, john mccain, not speaking for the republican party, could you see your way clear to voting for some sort of tax increase, whether it's closing a loophole of oil companies or charging those who have private jets? what would be so wrong with that? >> well, i think that if we did those small things you're talking about, they would have very small impact. but the principle of not raising taxes is something that we campaigned on last november, and the results of the election was that the american people didn't want their taxes raised and they wanted us to cut spending. >> but what about compromise? >> i would argue if we do otherwise -- well, you know, the american people, as the president describes it, they don't want compromise. they want us to balance the budget and stop mortgaging our children and grandchildren's futures and they don't think they need their taxes raised, and i don't either. i think that this catastrophe or shor
deficit, sorry. would you in the spirit of compromise, would you, senator, john mccain, not speaking for the republican party, could you see your way clear to voting for some sort of tax increase, whether it's closing a loophole of oil companies or charging those who have private jets? what would be so wrong with that? >> well, i think that if we did those small things you're talking about, they would have very small impact. but the principle of not raising taxes is something that we...
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crystal, as you heard that there, one increasing deficit by $1 trillion. it's a frequent talking point. you'll hear it from many republicans, the wealthy pay the vast majority of the taxes therefore they get the vast majority of the cuts in effect. but as you look at this plan, are those cuts imbalanced favoring the wealthy over the working class? >> if you have a plan that increases the deficit by $1 trillion, i find it extremely difficult to imagine that the hawkish republican party within the house and senate, but let's talk about the house, i didn't know that they'll go for that. >> tax cuts. >> it does balance. bull a trillion dollars, i can just hear, i feel like these debates, if you stay in washington you hear them all again. we are bankrupting our grandchildren it all comes back around. bill is right, you saw trump saying this in the speech, i've been waiting a long time to talk about this. this is the thing that drives the republican party. health care. obamacare energized them. but health care broadly, no. tax cuts, yes. i just think it's very h
crystal, as you heard that there, one increasing deficit by $1 trillion. it's a frequent talking point. you'll hear it from many republicans, the wealthy pay the vast majority of the taxes therefore they get the vast majority of the cuts in effect. but as you look at this plan, are those cuts imbalanced favoring the wealthy over the working class? >> if you have a plan that increases the deficit by $1 trillion, i find it extremely difficult to imagine that the hawkish republican party...
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Nov 7, 2012
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how do we reduce the deficit? by spending more. so you're not talking about the entitlement reform. you're talking about everything else. you haven't talked about obama care -- >> maybe it is some kind of combination. >> medicare, medicaid, defense. the whole conversation is how do you spend more to save less. >> president obama won the election, but what happens in the next four years? how will the president lead the divided congress? you can get a little taste of it right here. and they had such a contentious campaign. we'll chat with the panel about that straight ahead. >> yea! energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas.
how do we reduce the deficit? by spending more. so you're not talking about the entitlement reform. you're talking about everything else. you haven't talked about obama care -- >> maybe it is some kind of combination. >> medicare, medicaid, defense. the whole conversation is how do you spend more to save less. >> president obama won the election, but what happens in the next four years? how will the president lead the divided congress? you can get a little taste of it right...
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Nov 28, 2017
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we heard so many speeches from the other side about deficit reduction. i think my colleagues were sincere. why are they abandoning it now? they all know every one of our colleagues knows that we can do a lot better job in a tax bill at reducing the deficit than we have here. the democrats have from the very beginning told our republican colleagues we want to work with them on tax reform. we want to lower taxes on the middle class. we want to reduce burdens on small businesses. we want to erase the incentives that send jobs overseas and bring jobs back home and we want to do all these things in a way that doesn't add to the deficit. republicans from the very beginning said to us we are not interested in working with you. we are going to draft it ourselves, use reconciliation so we don't need your votes. you can count for our bill. you can vote for our bill if you want. that's not bipartisanship with the republican leadership has done. i know there are republicans on the other side who wish we could work together. well, we can. today at 11:00, i think more
we heard so many speeches from the other side about deficit reduction. i think my colleagues were sincere. why are they abandoning it now? they all know every one of our colleagues knows that we can do a lot better job in a tax bill at reducing the deficit than we have here. the democrats have from the very beginning told our republican colleagues we want to work with them on tax reform. we want to lower taxes on the middle class. we want to reduce burdens on small businesses. we want to erase...
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reduction that simpson bowles said we needed to do and the government sending and deficit levels are shrinking at the fastest they have shrunk in 70 years. why is it you think the most important think we should do right now is go figure out how to cut the deficit farther? >> are you really arguing -- >> we need to stop with this. >> are you arguing that the country is on a sound economic footing? the most important thing is growth here. we might disagree on how to get growth. clearly printing money is not working. >> threatening default isn't working either. >> i agree with you. but i think the point is without more robust economic growth and tax reform which is part of growth, without entitlement reform and regulatory reform to get the government off the back of small business we are not on a sustainable economic footing. i think that the democrats and republicans agree with that. what is disspiriting to consumers and business people and the rest of the world is why can't they talk about this? >> i think the polling is quite clear on what america is dissatisfied with and that is the
reduction that simpson bowles said we needed to do and the government sending and deficit levels are shrinking at the fastest they have shrunk in 70 years. why is it you think the most important think we should do right now is go figure out how to cut the deficit farther? >> are you really arguing -- >> we need to stop with this. >> are you arguing that the country is on a sound economic footing? the most important thing is growth here. we might disagree on how to get growth....
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Oct 23, 2017
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. >> how concerned are you, congressman, that all these tax cuts will simply raise the deficit and the national debt will go up, some are saying 1 trillion, 2 trillion, $3 trillion? >> it is a concern, and really, when you look at that, and you know the budget we passed out of the house actually had some mandatory spending cuts along with being able to do aggressive tax reform. but any time you look at increasing the deficit, you're looking at somebody paying the bill other than you and me. you know, we're looking at our kids, our grandkids to have to pay that, so we need to make sure we're fiscally responsible. but in this particular approach, we're looking at a senate budget that would allow us to be a lot more aggressive on reducing those tax cuts. the president has been talking about more tax cuts than tax reform. but we've got to be really aggressive in doing that to get the economy going, or we don't even have a hope of not only funding our military but it's funding the other things, education and child tax credits, many of the things that receive great bipartisan support. so am
. >> how concerned are you, congressman, that all these tax cuts will simply raise the deficit and the national debt will go up, some are saying 1 trillion, 2 trillion, $3 trillion? >> it is a concern, and really, when you look at that, and you know the budget we passed out of the house actually had some mandatory spending cuts along with being able to do aggressive tax reform. but any time you look at increasing the deficit, you're looking at somebody paying the bill other than you...
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he's completely failed to get the national deficit under control. he's contributed nearly $5 trillion to the national debt with no plan to get out of it and despite governor o'malley's stats, the bottom line is we've been over 8% unemployment for virtually his entire presidency, 36 months. this is a president who said pass my big stimulus spending bill and we won't be over 8%. well we haven't been under 8% in all that time. he got no budget done when he had his own party in control so it's been a complete failure of leadership. he cannot run on his record, no plan for jobs or energy that he got passed so he's got a tough -- i'm glad the economy is starting to recover but i think it's because of what republican governors are doing in their states, not because of the president. >> that's very interesting. in fact i was going to ask governor mcdonnell, candy, if his state is creating jobs again or virginia still losing jobs as you were in the recession? that's a rhetorical question, governor. your state is now creating jobs, my state is creating jobs,
he's completely failed to get the national deficit under control. he's contributed nearly $5 trillion to the national debt with no plan to get out of it and despite governor o'malley's stats, the bottom line is we've been over 8% unemployment for virtually his entire presidency, 36 months. this is a president who said pass my big stimulus spending bill and we won't be over 8%. well we haven't been under 8% in all that time. he got no budget done when he had his own party in control so it's been...
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you had high deficits. he's right. the issue is about the economy. >> but i have to say that i am just impressed because they're talking to each other and not talking at each other. that is rather, you know, whatever they're talking about, that's important. but they're actually doing -- using the senate floor, what it's supposed to be used for, jamie. >> yeah, you're right. where has civility been in washington? it's so good and refreshing to see members of congress getting on the floor and debating each other without calling each other names. this is what we need back in washington. this is what the president's been asking for. for some debate about the issues and then coming together and get compromise. >> okay. we'll have more on that extraordinary back and forth on the senate floor. plus you will join us after the break. if you want to talk to me about the debt crisis and what should get done, what do you want to see get done? reach out on twitter and facebook. and get it done. my special report with wolf blitzer c
you had high deficits. he's right. the issue is about the economy. >> but i have to say that i am just impressed because they're talking to each other and not talking at each other. that is rather, you know, whatever they're talking about, that's important. but they're actually doing -- using the senate floor, what it's supposed to be used for, jamie. >> yeah, you're right. where has civility been in washington? it's so good and refreshing to see members of congress getting on the...
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Nov 27, 2017
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they can talk about deficits. it's not just the tax bill, but the omnibus bill being negotiated right now that is going to increase defense spending and discretionary spend pentagon tens of billions of dollars of disaster relief that have to go through congress. this is going to be a big spending month. if republicans say they can't support that, they have a reason to do that. >> not to mention dealing with the d.r.e.a.m.ers is not going to be popular. >> dana, those three republican senators or any three republican senators, the democrats are not going to vote for it, any three republican senators vote against this legislation, it winds up like repeal and replace obamacare. >> it does. it does. except that, ryan, you talked about the fact that it's about whether or not you want to support the president or not. for some of these senators who are retiring, it doesn't matter, but for most of them -- >> corker and flake, yeah. >> corker and flake, right. most of them, it's not about supporting the president, it's abo
they can talk about deficits. it's not just the tax bill, but the omnibus bill being negotiated right now that is going to increase defense spending and discretionary spend pentagon tens of billions of dollars of disaster relief that have to go through congress. this is going to be a big spending month. if republicans say they can't support that, they have a reason to do that. >> not to mention dealing with the d.r.e.a.m.ers is not going to be popular. >> dana, those three...
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it blows up the deficit and that means fewer investments in education, health care and job creation. it's up to all of us to stand up to this president. not just for impeachable offenses, but also to demand a country where everyone has a real chance to succeed. join us. your voice matters. psoriatic arthritis tries to get in my way? ♪ watch me. ♪ i've tried lots of things for my joint pain. now? watch me. ♪ think i'd give up showing these guys how it's done? please. real people with active psoriatic arthritis are changing the way they fight it... they're moving forward with cosentyx®. it's a different kind of targeted biologic. it's proven to help people find less joint pain and clearer skin. don't use if you are allergic to cosentyx. before starting cosentyx you should be checked for tuberculosis. an increased risk of infections and lowered ability to fight them may occur. tell your doctor if you have an infection or symptoms of an infection. or if you have received a vaccine, or plan to. if you have inflammatory bowel disease tell your doctor if symptoms develop or worsen. s
it blows up the deficit and that means fewer investments in education, health care and job creation. it's up to all of us to stand up to this president. not just for impeachable offenses, but also to demand a country where everyone has a real chance to succeed. join us. your voice matters. psoriatic arthritis tries to get in my way? ♪ watch me. ♪ i've tried lots of things for my joint pain. now? watch me. ♪ think i'd give up showing these guys how it's done? please. real people with...
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Dec 5, 2012
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we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity, there was discussion, even as we battled over the budget, we worked together in a bipartisan way on many other issues. you didn't have the total polarization that you have today. >> i mean, when you were elected senate majority leader, i understand one of the first people that you called was the minority leader, senator dole. >> that's right. i called him right away, i went to see him almost immediately, and i said to him look, you've been here a long time, i'm relatively new, these are very tough jobs in the best of circumstances, and if we don't have some degree of trust between us, they will be impossible jobs. so i said to him i want to tell you how i intend to behave toward you and to ask that you behave towards me in the same way. and we agreed on the most basic of things. i told him i would not surprise him, that's important in the senate. that he wo
we were very concerned because we thought the budget was going to be -- the deficit was going to be about $150 billion. that shocked everyone into action. then, unlike now, there remains some degree of bipartisanship. there was comity, there was discussion, even as we battled over the budget, we worked together in a bipartisan way on many other issues. you didn't have the total polarization that you have today. >> i mean, when you were elected senate majority leader, i understand one of...
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Nov 28, 2017
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he's focused on the federal deficit. the problem is if you satisfy one you may alienate the other and that would initially make the legislation stall in committee. let's say they get it in committee, and then you have a bigger problem, and you have more senators concerned about this and they range from a host of issues, where some say we agree, it's not good enough for small businesses. others who are not in favor of repealing the obamacare individual mandate that too many people will suffer, will not have insurance because of that, and the deficit hawks say this plan is too expensive. the mood here on capitol hill, as senator lindsay graham said yesterday, something has to get done and that failure is not an option, but john, it's far from certain whether or not they can satisfy the members to move this thing forward. >> suzanne on capitol hill. thank you. christine romans, given what we know, what does it too? >> the cbo says what we are seeing here, the tax cuts basically benefit big companies and the rich to a lesser
he's focused on the federal deficit. the problem is if you satisfy one you may alienate the other and that would initially make the legislation stall in committee. let's say they get it in committee, and then you have a bigger problem, and you have more senators concerned about this and they range from a host of issues, where some say we agree, it's not good enough for small businesses. others who are not in favor of repealing the obamacare individual mandate that too many people will suffer,...